Money

Japanese stimulus inaction sends yen soaring

Written by Teunis Felter

A lack of fresh stimulus from the Bank of Japan sent the yen soaring and world stocks into the red on Thursday, half a day after the U.S. Federal Reserve signaled it too was hitting the policy pause button. The yen surged almost 3 percent against both the dollar and the euro in a sharp reaction to the BOJ inaction, putting it on course for its biggest jump against the greenback since February and in five years against the euro.

http://www.reuters.com/article/us-global-markets-idUSKCN0XO2XX

 

About the author

Teunis Felter

Teunis Felter has over 20 years experience as an author, editor, and scientist. When not exploring outside, he enjoys reading history, researching genealogy, and civilly discussing politics.